Non-Farm Payrolls (NFP) Employment Change is a vital economic data released on the first Friday of every month. The combination of importance and earliness makes for hefty market impacts.
It's crucial data becuase Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. This announcment shows the change in the number of employed people during the previous month, excluding the farming industry.
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China’s Military Parade Celebrating World War II Victory was held on Wednesday.
12,000 officers and troops of the People’s Liberation Army were marching along Chang’an Avenue by Tiananmen Square. And more than 500 items of weaponry and about 200 aircraft were on display at the parade.
Hundreds of students who had gathered in front of large television screens in lecture halls at Tsinghua University in northwest Beijing to watch the Victory Day celebrations cheered when President Xi Jinping and his wife, Peng Liyuan, appeared on the red carpet in the Forbidden City to greet foreign guests.
President Park Geun-hye of South Korea, one of the few leaders allied with the United States to show up at the parade, drew enthusiastic cheers from the students.
But there were plenty of degrading remarks about North Korea’s leader, Kim Jong-un, who is a friend of China’s but didn’t show up. The Russian president, Vladimir V. Putin, drew a loud plaudit. “This is a real man,” a student yelled as he leaped out of his seat.
Sentiment about the parade was mixed. There was nationalistic enthusiasm on one hand, and criticism of the Communist Party’s decision to make the march an anti-Japan event on the other.
“The parade is politically necessary,” Bai Nan, 23, an engineering student, said. “It will tell the people that China is now a strong country. And it will also somehow makes the people respect the government.”
“I admire President Xi,” he said. “He is capable in everything from anti-corruption to the conflict in the South China Sea. He is a great man.” Mr. Bai added that even though his own grandfather fought with the Communist forces against Japan during World War II, he was not anti-Japanese.
During his speech, President Xi Jinping of China announced he would reduce the country’s military personnel by 300,000 as an attempt to show that China’s is no threat to her neighbor countries and the world.
These maps of the world's economies will make you forget about China
It has been a turbulent few months for the markets, led by China's economic rebalancing.
But with all the talk of Asia's slowing growth, it's easy to forget about two of the other big drags on on the global economic outlook – Brazil and Russia.
HSBC has put together a few handy maps to illustrate how the world is doing.
Admittedly, Brazil and Russia have large land masses so may look disproportionately bad in bright red. But they are also the largest two of only a handful of economies to experience negative growth.
Here's the map of gross-domestic-product (GDP) growth:
Brazil contracted 2.6% in the past year, while Russia's economy shrank by 4.6%.
The two countries have also been the hardest hit by inflation out of the big global economies. Russia's inflation rate is up at 15.6% (coupled with an 11% interest rate), while Brazil's inflation is over 9%.
The inflation map:
But perhaps even more worrying for Russia is the country's demographic problem. Russia's working-age population growth is expected to stay stagnant while accelerating in the rest of the world.
After months of experimenting with all-day breakfast in several markets, McDonald's will make it available nationwide starting October 6.
McDonald's is making a host of changes in a bid to turn around slumping sales. Now comes breakfast all the time.
Customers will be offered a selection of muffins or biscuits, depending on the location of the restaurant. The menu also includes hotcake platters and sausage burritos. McDonald's has been testing all-day breakfast since March and told franchisees to prepare for an October launch.
The company is juggling two objectives at odds with one another: appeasing unhappy franchisees who want to cull the menu, while launching new offerings to boost sales. In July, a McDonald's spokesperson said all-day breakfast "is likely the number one request" from customers.
McDonald's (MCD) CEO Steve Easterbrook took the reins in March, inheriting a 15% profit decline in 2014. He outlined a turn around strategy about two months later, focusing on an internal reorganization and plans to franchise more restaurants. He offered few details on how the company would improve food quality and enhance its brand image -- two of its biggest challenges.
The latest announcement comes as competitors ramp up their breakfast offerings. Taco Bell launched an ad campaign that targets millennial customers, urging them to "shake off the shackles of boring breakfast."
LeAnn Richards, a franchisee who owns eight restaurants in Arizona, led the task force that studied the implication of the expanded menu. Richards said restaurants needed a dedicated egg griddle so that the kitchen could cook eggs at the same as chicken and burgers. Restaurants that offer McMuffins also needed a toaster exclusively for the muffins.
Mike Andres, president of McDonald's USA, said the changes will cost between $500 and $5,000 for each franchisee and that McDonald's will help pay for them. He declined to provide a specific breakdown of the split.
